The 30-Year Treasury is a U.S. Treasury debt obligation with a 30-year maturity, providing fixed interest payments and backing from the U.S. government.
A bullet bond is a debt investment that pays back its entire principal value in one lump sum at maturity, with the issuer accepting the risks of interest rates.
A callable bond is an early redemption bond that gives issuers the flexibility to pay off debt before maturity, often enticing investors with higher interest rates.
Effective Duration is a key concept in bond investing that measures the sensitivity of a bond's price to changes in interest rates, especially for bonds with embedded options.
A fallen angel is a bond that was once investment-grade but now is rated junk due to financial trouble, or sometimes a stock that has dramatically declined in value.